Money Management Quiz

Money Management Quiz

7th Grade

25 Qs

quiz-placeholder

Similar activities

Types of expenses and Debit vs. Credit Cards

Types of expenses and Debit vs. Credit Cards

6th - 8th Grade

20 Qs

Budgets and Jobs

Budgets and Jobs

7th - 9th Grade

26 Qs

Checks & Ledgers

Checks & Ledgers

7th Grade

20 Qs

Foundations in Personal Finance Pre-Test/Post-Test

Foundations in Personal Finance Pre-Test/Post-Test

6th - 8th Grade

20 Qs

Managing your Money

Managing your Money

6th - 8th Grade

24 Qs

Financial Literacy Review

Financial Literacy Review

6th - 8th Grade

30 Qs

Banking Review (2.1-2.6)

Banking Review (2.1-2.6)

7th - 8th Grade

28 Qs

Financial Literacy, Kitchen, & Food Safety Test (1 point each)

Financial Literacy, Kitchen, & Food Safety Test (1 point each)

6th - 8th Grade

30 Qs

Money Management Quiz

Money Management Quiz

Assessment

Quiz

Life Skills

7th Grade

Medium

Created by

Heather Donn

Used 4+ times

FREE Resource

AI

Enhance your content

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Which of the following is an example of a fixed expense?

Groceries

Rent

Entertainment

Clothing

2.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Which of the following is a benefit of using a credit card responsibly?

Earning interest on your balance

Building a good credit history

Avoiding all fees

Getting free money

3.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Why is it important to save money?

To have funds for emergencies

To spend more on entertainment

To avoid paying taxes

To borrow less from friends

4.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

What is interest?

A fee paid for borrowing money

A type of bank account

A monthly bill

A form of insurance

5.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Which of the following is a variable expense?

Mortgage payment

Utility bill

Car payment

Subscription service

6.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

What is a credit score?

A measure of your financial health

The amount of money in your bank account

The interest rate on a loan

The balance on your credit card

7.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Why should you avoid carrying a high balance on your credit card?

It can lead to high interest charges

It increases your credit score

It earns you more rewards

It helps you save money

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?

Discover more resources for Life Skills